EuroLease Bulgaria - Senior Loan

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The EBRD is considering providing a €10 million senior loan to EuroLease Auto Bulgaria for on-lending to SMEs as part of the Bank’s support of leasing sectors/SMEs affected by the liquidity crisis in SEE. The EBRD finance will be in conjunction with a senior loan to EuroLease Auto from a Bulgarian commercial bank(s). The proposed project is part of EBRD’s overall response to the impact of the global financial crisis on the leasing sector and its effect on the SMEs sector in all Countries of Operation. Leasing companies, as non-depository financial institutions relying mostly on external funding to support their growth, have been severely affected by the liquidity crisis. This investment will increase the provision of long-term funding available in the leasing sector to be channelled to SMEs and, therefore, allow an increasing number of private entrepreneurs to access lease financing for trade and services. EuroLease Auto Bulgaria (the “Company”) is specialized in the leasing of brand new passenger and commercial vehicles, predominantly to SMEs. It has been the largest and fastest growing non-bank affiliated leasing company in Bulgaria. Founded in 2004, EuroLease Auto is part of EuroHold Bulgaria (the “Parent”), a publicly listed holding with diversified operations in insurance, leasing, financial services, car brokerage, and manufacturing. A senior loan in the amount of €10 million. €15 million. EuroLease Auto will be required to comply with EBRD’s Environmental Performance Requirement (“PR”) 9 when making local leases and will be required to conduct its business in accordance with PR 2. The Company’ will be required to comply with applicable national environmental, health and safety and labour requirements, adhere to the EBRD's Environmental and Social Exclusion and Referral Lists, and submit annual environmental and social reports to the Bank. None Stoil Vasilev Manager Business Development EuroLease Group 43, Christopher Columbus Blvd. 1592 Sofia, Bulgaria Tel: +359 2 4897 513 E-mail: s.vasilev@eurohold.bg Website: www.eurohold.bg